StockFetcher Forums · General Discussion · I see the infighting still continues here<< 1 2 >>Post Follow-up
78 posts
msg #42320
Ignore SurfnDestiny
3/22/2006 8:35:12 AM

A filtermiester. I love it. Maybe that can be posted under a name, next to ignore.

To tell you the truth I haven`t seen, or written a perfect filter yet. Stockfetcher seems to have enough variance in its program to preclude a perfect filter. Or at least where the percentages can be extremely high. The RSI(5) signal has giving me the best reversal results that I can find so far. But it does not act consistantly. RSI(5) produces different hits when used in different programs. So I cannot brag about much I have done. (there - Humility 101)

283 posts
msg #42328
Ignore heypa
3/22/2006 11:42:43 AM

There is no perfect filter.Quit looking for one lest you discourage yourself from trading.Filters if you use them can only eliminate those stocks from consideration that in all probability are a waste of time.Never buy a stock that is not rising or hold a stock that's dropping.In the parlance of hunting game for the table "are you hunting to put meat on the table or to show how good a shot you are?".As TRO says It's how you trade.You must pick tradable stocks from the list of stocks you have no matter how you got the list.

2,025 posts
msg #42330
Ignore alf44
3/22/2006 12:20:45 PM

...great post heypa !

In order to FIND must first exist !

The endless search for the "perfect filter" is a complete waste of time !

It doesn't exist ! imo

PRICE (price action specifically) the ONLY "Indicator" that really matters !



78 posts
msg #42338
Ignore SurfnDestiny
3/22/2006 4:45:30 PM

Never said I was looking for a perfect filter. The discussion was about people bragging about how great their filters are. But, only a fool would not look for better odds.

2,824 posts
msg #42343
Ignore nikoschopen
3/22/2006 8:59:57 PM

While there is no perfect filter, a serious-minded trader would tell you that there's always room for improvements. This is where backtesting comes into play. For eons, traders have relied on backtesting to curve-fit their filters until they're practically rendered useless. The merit of backtesting, of course, is to see how well a given filter stands in a changing environment. And speaking of which, the longer the duration of backtesting more accurate will its results be. Needless to say, this requires many years of probing and not just 2 to 11 days (as some of you might otherwise think). I guess it doesn't matter whose idea it was to replace backtesting for a quick-and-dirty "Date Offset" since the idea was inherently a bad one from the start!

6,362 posts
msg #42362
Ignore TheRumpledOne
3/23/2006 7:22:10 AM

Edward de Bono's Message for Today - 23rd March 2006

If you only have a vague explanation then you try and improve it and are open to new ideas. If you have a detailed and apparently complete explanation all you want to do is preserve and defend it.

Edward de Bono, 1971. "Practical Thinking"
Published by Penguin Books, 1976.

2,824 posts
msg #42376
Ignore nikoschopen
3/23/2006 12:49:26 PM

"The visionary lies to himself, the liar only to others."

-Friedrich Nietzsche

StockFetcher Forums · General Discussion · I see the infighting still continues here<< 1 2 >>Post Follow-up

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